RAND MINING LIMITED — Interim / Quarterly Report 2014

Jul 9, 2014

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The Listing Manager Australian Securities Exchange Level 4 20 Bridge Street SYDNEY NSW 2000

July 10, 2014

Monthly Production Report for June 2014

The first production blast at Raleigh since the February earthquake was fired in late June. Rehabilitation is proceeding. The production schedule at Rubicon and Hornet was re‐optimized, using some of the resources from Raleigh, to minimize the production shortfall at Raleigh due to the February earthquake.

End of Month Status Raleigh – Rehabilitation

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Rubicon – Development and Production

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green indicates new developments

	MINE PRODUCTION
		**Raleigh U/G **	**Rubicon U/G **
Ore	t	0	27,622
Grade	g/t Au	0.00	14.50
Gold	oz	0	12,876
Rand’s Entitlement	%	12.50	12.25

			MINE OPERATING COSTS
Unit Cost			Raleigh						Rubicon
$/t ore			0						150
$/ozgold			0						321
			MINE DEVELOPMENT
						**Raleigh **			Rubicon
Capital	Decline			m				0.0	236.6
	Secondary			m				0.0	202.9
Operating	Waste			m				0.0	0.0
	Ore			m				0.0	109.3
	Past Fill			m				0.0	75.0
End of monthposition					RL(m)			below surface(m)
Raleigh Decline		bottom				5618		727
Rubicon Decline		bottom				6029		314
Hornet Incline		top				6244		99
Hornet Decline		bottom				5915		428
Pegasus Access		bottom				6154		189

	End of month EKJV STOCKPILES	End of month EKJV STOCKPILES
ROMpad	Ore Source	Ore	Grade
		t	g/t Au
**Raleigh **	Raleigh	140	8.7
Rubicon	Rubicon	14,700	13.6
Kanowna Belle	Rubicon	7,600	15.6

Toll Processing

During the month, 35,296 tonnes (wet) of Rubicon ore were hauled to the Kanowna Belle Plant and 49,498 tonnes of EKJV ore were processed.

Bullion accredited to RAND and TRIBUNE Accounts from Kanowna Belle
Month	Gold(oz)	Silver(oz)	Rand’s sharegold
June 14	8,984.759	2,255.260	2,246.190
May14	8,338.166	1,993.796	2,084.541